PNC Financial Services Group Inc. Buys 5,065 Shares of Eversource Energy (NYSE:ES)

PNC Financial Services Group Inc. grew its stake in Eversource Energy (NYSE:ES) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 442,822 shares of the utilities provider’s stock after acquiring an additional 5,065 shares during the period. PNC Financial Services Group Inc.’s holdings in Eversource Energy were worth $30,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Lynx Investment Advisory acquired a new position in Eversource Energy in the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy in the third quarter valued at approximately $32,000. UMB Bank n.a. increased its stake in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares during the period. MFA Wealth Advisors LLC acquired a new stake in Eversource Energy during the 3rd quarter worth approximately $48,000. Finally, Pathway Financial Advisers LLC bought a new stake in Eversource Energy in the 1st quarter valued at $43,000. 79.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Scotiabank increased their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays lifted their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Bank of America increased their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.46.

Eversource Energy Stock Down 0.1 %

NYSE ES opened at $61.61 on Thursday. The business has a fifty day moving average price of $64.87 and a two-hundred day moving average price of $62.88. The stock has a market capitalization of $22.57 billion, a PE ratio of -39.24, a PEG ratio of 2.47 and a beta of 0.61. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company earned $0.97 EPS. Eversource Energy’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.